April 4, 2022
Via: Insurance JournalInsurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc. Of 328 chief investment officers and chief financial […]
February 15, 2022
Via: Insurance JournalThere were 418 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2021, up from 407 the previous year, according to a report published by law firm Clyde & Co. Activity was driven by a particularly strong second […]
February 11, 2022
Via: Insurance JournalThe former owner of a group of health spas and clinics in Los Angeles has admitted to participating in a $20 million insurance fraud scheme involving Botox injections, laser hair removal and other procedures, federal prosecutors said. Roshanak Khadem, 54, […]
December 14, 2021
Via: TechBullionA financially secure small business doesn’t have to be an oxymoron. Sure, there’s inherently some financial risk involved in any business. And looking after the financial side of your small business can be a complicated process. But that doesn’t mean […]
August 24, 2021
Via: Insurance JournalHurricane Laura made landfall in Southwest Louisiana nearly a year ago but local officials and state insurance regulators say the area still a long way to go to recover. Laura, which made landfall on August 27, 2020, displaced 2005’s Hurricane […]
August 13, 2021
Via: Insurance JournalThe New Hampshire Insurance Department (NHID) Commissioner Chris Nicolopoulos issued a bulletin reminding insurers that they must comply with the New Hampshire statutory requirement that all insurance producers acting as the agent of an insurer be appointed by the insurer. […]
July 26, 2021
Via: Insurance JournalThe global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the 2008 financial crisis, despite such obstacles as low interest rates and inflation risk, insurer Swiss Re AG’s chief Americas economist […]
July 23, 2021
Via: TechBullionThere are many reasons why you could be required to drive a van. You may drive a van for a living, or your van may be your primary mode of transportation. But did you know that you can drive a […]
July 15, 2021
Via: Insurance JournalThe Citizens Property Insurance Corporation’s Board of Governors approved rate adjustments that will raise average premiums by an additional 2.3% in February 2022. The board for the state-backed insurer unanimously voted in favor of the rate increases, which head to […]
July 7, 2021
Via: Insurance JournalWashington D.C. Mayor Muriel Bowser is working alongside the district’s Department of Insurance, Securities and Banking (DISB) to increase opportunities for high school and college students to pursue careers in financial services, including insurance, by expanding DISB’s Financial Services Academy […]
May 24, 2021
Via: TechBullionThe insurance sector has been thriving consistently over the years. The advent of the insurance sector can be traced roughly to the Babylonian period that is nearly 3000 years ago. Benjamin Franklin popularized the idea of insurance among the masses […]
May 3, 2021
Via: Insurance JournalA bill currently before the Louisiana Senate Insurance Committee and backed by Gov. John Bel Edwards would ban certain discriminatory practices in insurance rate determinations. Senate Bill 55, introduced by Sen. Jay Luneau, would prohibit based on risks classified by […]
April 20, 2021
Via: TheStreetEvery year, you should be reviewing your property and casualty insurance policies. “P&C (property and casualty) reviews often get overlooked until something catastrophic happens,” said Judson Meinhart, a certified financial planner with Parsec Financial. “They can also be a great […]
Capital and Risk, Insurance, Regulations
March 3, 2021
Via: Insurance JournalThe Florida insurance industry will be fighting for property insurance reforms in the 60-day legislative session that kicked off this week, but there are several other insurance-related bills to watch. Read on for a breakdown of the bills being considered […]
February 26, 2021
Via: Insurance JournalLevels of employment for the insurance industry are “holding up much stronger than the overall economy,” the leader of an insurance search firm said recently, reporting that insurers have added almost 20,000 jobs since March 2020. The actual number, 19,700 […]
Activity, Capital and Risk, Credit, Insurance
February 8, 2021
Via: TheStreetIf you can’t afford to pay all your bills right now, the last thing you need is overpriced car insurance. But that’s exactly what can happen if your credit dips low enough (and you live in a state where insurers […]
December 16, 2020
Via: Insurance JournalThe North Carolina Rate Bureau, which represents all companies writing property insurance in the state, is seeking an 18.7% statewide average increase in dwelling policies. The North Carolina Department of Insurance said it received the filing for the rate hike […]
November 18, 2020
Via: TheStreetGeneral Motors (GM) – Get Report on Wednesday unveiled a new digital auto insurance platform, OnStar Insurance. A new insurance agency, OnStar Insurance Services, will be the exclusive agent for OnStar Insurance. GM customers who subscribe to the OnStar vehicle-safety […]
October 30, 2020
Via: TheStreetInsurance is designed to offer peace of mind, but there’s a reason your policy has all that fine print: You might not have the coverage you expect. Like any other insurance policy, renters insurance has exclusions, and knowing about them […]
October 15, 2020
Via: CNBCLife insurance is enjoying something of a renaissance as a result of the coronavirus pandemic. Consumers, especially younger adults, have been buying insurance in elevated numbers since the spring, when thousands of Americans began getting ill and dying from Covid-19. […]